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by the scandal at penn state. that's ahead on the "closing bell." i'm bara ck o bama and i approve i'm bara this message. ck o romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. >>> welcome back. it's not hard to tell when hedge fund manager david einhorn told investors today that he thinks chipotle's stock is short. my next guest couldn't disagree more with the short call. he's damon vickers. good to have you on the program, damon. thanks for joining us. why do you think you're right? >> well, yeah, you named it. look, i thin
offender jerry sandusky talks to maria about how penn state will administer proper compensation to the victims. that and a lot more is still ahead on the "closing bell." ifo improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> where can back, everybody. about 50 minutes left in the trading session. if you're just joining us, get you caught up on the markets. near the lows of the session. stocks seeing red today on concerns about third quarter earnings still to come and unc
of a national trend, the casinos in for jobs and tax revenue and for a company like penn national gaming it's about the bottom and top line. we'll talk to their president and coo next on "squawk box." [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. >>> is this just gambling? >> it is gambling. they have a convention center where they'll do other things but in terms of -- listen, people that gamble are taking money they could save and invest and they're gambling it. they'll have one in cincinnati by spring of 2013, coming to your town as well. ohio will go from no casinos to four in a year and a half. in terms of overall tax revenue about $8 billion was
shows popping up on youtube? advertising $600 billion global market. less than penn% of that is online. i think that percentage gets much bigger going forward, which means a lot more money for google. and that's just in the core business. don't forget, google is truly a global company. 54% of the sales from outside the u.s., dollar getting weaker versus euro is going to help them. the international side of the business growing rapidly. google's balance sheet $43 billion in cash, no debt. i'm also a believer in management. now i remember when co-founder larry paige took over as ceo in april of 20 leonardo. oh, there were a ton of doubters. but the guy has done a great job, streamlining the company by reorganizing around individual product areas and focusing on relentless innovation does not get enough credit for the job he has done. each though google is a $758 stock, it's only trading at 15 times next year's earning estimates. when you look at the out-years, google gets insanely cheap. the analysts think it can earn 67, 11 times 2015 numbers. that's a real low valuation for a taken wit
're here for one thing and one thing only -- that's to gamble. one-third of all the money made to penn national gaming goes back to the state and city in taxes. the city of columbus expects to get at least $15 million directly next year and that will go a long way. of course, interestingly when you spoke to t i spoke to the city's mayor today, he was just as focused on job creation. the city needed 3,500 workers to build it and 2,000 employees . >> the more jobs you have in a community, the more income there is to the city. >> ohio's considered a swing state. right? but unemployment here has been running well below the national average. we look at a few dealers doing their thing here. been below the national average for a while. looks like today a lot of people played hookie. at least 5,000 people have been here. there are a few notes of caution. number one, the two casinos that were open in 2011 already reported year over year decreases in revenue, only open a few months. i also want to point out projections from income taxes from here are already well below what they initially though
practice a surprise plea proclaiming his innocence. it aired on penn state radio last night. he was convicted of abusing ten boys over 15 years. the former penn state assistant football coach offered no apologies, only a vow to fight whatever sentence he receives. in other news, there are more cases and more deaths caused by the meningitis outbreak linked to tainted steroid injections. the center for disease control and prevention says the number of confirmed infections is now up to 105 in nine different states. the death toll is now eight. really terrifying. >> they need stricter controls on some of these pharmacies. >> spinal injections. >> and anyone who around you can get the meningitis. highly contagious. >> some sports news, texans beat the jets 23-17 in monday night football. the win brings the test ans perfect record to 5-0. and st. louis hammered the nationals.xst ans perfect record to 5-0. and st. louis hammered the nationals.t ans perfect record to 5-0. and st. louis hammered the nationals. ans perfect record to 5-0. and st. louis hammered the nationals.ans perfect re
Search Results 0 to 5 of about 6